Member Info for JordiMendes

Good to see ynwa1. Thanks for posting.

So just waiting on Allianz Trade to now reinstate their cover. This does remove any doubt and this should now rise.

I know a summary was posted, have copied and pasted full article below:

Asos suppliers get a boost as credit insurers reinstate cover

3rd February 2025

Eloise Hill

Asos

EcommerceFashionNews

Credit insurers Atradius and Coface have restored their cover for Asos’ clothes suppliers, indicating revived confidence in its financial stability.

The insurance companies restored their cover in January, after withdrawing it in 2023 amid worries over the fashion giant’s falling profits, The Times reported.

Additionally, credit insurer Cartan Trade has just opened up cover for the first time.

Allianz Trade is thought to be the only firm left to reinstate its cover, after completely scrapping it two years ago.

An Asos shareholder said: “This is another positive sign that the turnaround is working after the recent refinancing and old inventory being substantially reduced over the past year.”

It comes as the fashion retailer pushes ahead with its turnaround efforts, having navigated a challenging few years.

In November, it posted a pre-tax loss of £379.3m for the year ending 1 September, down from a loss of £296.7m the previous year.

The brand has been met with competition from the likes of Shein, Temu and Vinted as shoppers flock to cheaper rivals.

All just guesswork at the moment. Looking at the chart, this could easily dip back into the 300's or it could take off, who knows 🤷‍♂️.

I hope the latter as really want 1000p so I can sell having made some profit

Hopefully this does indeed push up the sp. Been a long time coming.

Good luck to all.

Hopefully. If they hit their goals, this should fly past £8. Just a worry that if they don't, we stay where we are.

Hello all

What price did people buy in at? I have an average of nearly 800p.